Crypto Pundits Bullish on Bitcoin (BTC), Ethena (ENA), Solana (SOL), HYPE, BNB
Key economic data released Thursday indicate that the U.S. economy may be on the brink of stagflation, a challenging mix of sluggish growth, a weakening labor market, and rising prices.
Despite these concerns, crypto market participants remain optimistic, focusing instead on anticipated Federal Reserve rate cuts and signals from traditional markets as drivers for higher crypto valuations.
“The underlying driver of this market cycle is a monetary tailwind, and that remains intact, despite the risk of stagflation. Bitcoin, and crypto more broadly, are absorbing capital as a hedge against fiat dilution and long-term fiscal instability. They aren’t functioning solely as a bet on risk, like we’ve seen in past cycles,” Shane Molidor,…
